Deflation--and Why It's Harmful

This PLI "Pocket MBA" article summarizes deflation so well, I had to share it:

http://inbrief.pli.edu/2009/01/deflation-ii-deflation-in-the-real-world.html

Before reading the above post, I didn't understand why deflation could lead to a Depression.

PLI also provides a link to another blog, Debtwatch, which may interest some readers:

http://www.debtdeflation.com/blogs/